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What is Goodbudget? Ting customers pay less for this great budgeting tool

What is GoodBudget? Ting Review

At Ting, we’re really big on budgeting and saving money. So just like you, we’re aware that it can be challenging to consistently get smart spending and saving right. That’s why we’re huge fans of Goodbudget. “What the heck is Goodbudget?” you’re probably wondering. We’ll do you one better than telling you about it, we’ll actually give you a quick review of the budget tool.

Actually, we’ll do you two better. We’ve partnered with Goodbudget to give Ting customers an exclusive money-saving offer. When you sign up for Goodbudget Plus, your $6 Ting line fee will be waived for up to six months! Just make sure to sign up with the same email as your Ting account and you’re all set.

What is Goodbudget?

Goodbudget is a virtual budget planner designed to emulate the “envelope” system. Way back in the day (ask your grandparents), folks would budget by allocating funds to certain expenses and then placing them in labeled envelopes. For example, you might put $50 in your “groceries” envelope (hey, this is in your grandparents’ time), $100 dollars in the “bills” envelope and so on. Then, when you go to the store and spend $50 on groceries, you can rest assured knowing that your rent money is safely set aside in a different envelope. Since keeping a bunch of envelopes full of cash around your house is one step above putting money under the mattress, Goodbudget has come up with a virtual version of the technique. 

How does it work?

Goodbudget checks those two all-important boxes of “simple” and “effective.” Your virtual envelopes are separated into two types. “Regular” envelopes are for smaller, everyday expenses while “More” envelopes are for larger, often annual expenses (e.g. family vacation). You can also set up “Accounts” to track your real life balances and debts through the app.

With your Goodbudget household set up, you’ll then begin logging your transactions and Goodbudget will do the rest. Log a $60 visit to the grocery, and that amount will be subtracted from your “groceries” envelope. In addition to being shown numerically, your envelopes’ statuses are shown in bar chart form for easy tracking. If you see red, you know that you’ve gone over budget.  You can also get insight into your financial habits thanks to the included graphs and charts. 

While you can’t integrate bank accounts to update transactions in real-time, you can import your statements in standard formats like Quicken or .CSV then attribute transactions to the corresponding envelope.

Verdict

We think Goodbudget is the perfect budget tool to help financially conscious individuals make realistic budgets and stick to them. While there is a free version available, we found Goodbudget Plus to be the better option due to an ability to add an unlimited number of envelopes and financial accounts, keep a seven-year history and connect to more of your devices. They understand that paying a large sum for a budgeting app would be counterproductive, so they charge just $7 a month or $60 annually which translates to a paltry $5 a month. 

Get Goodbudget Plus and save on Ting

To help our customers add another money-saving tool to their arsenal, we’ve decided to partner with Goodbudget. Even though the cost of Goodbudget is low, we’ll help offset it by giving you one Ting line free for six months. You’ll save $36, while hopefully saving a bunch more with your brand new budgeting tool. 

We have to say Ting and Goodbudget are a pretty killer combination. Ting customers save big on their phone bills, while Goodbudget Plus subscribers are reported to save an average of $1758 in the first 3 months! Multiply your savings by adding Goodbudget Plus to your budgeting plan.

Terms and conditions

Must be a current Ting customer.

Ting customers must use the same email address when signing up for GoodBudget Plus.

One free line per Ting account.

Ting customers must keep an active GoodBudget Plus membership in order to receive their free line each month (for up to six months).

If you are currently both a Ting customer and GoodBudget Plus user, you are not eligible for this offer.